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08-02-2024, 02:20 PM
#1
Florida HouseCels cancel home insurance because of Poverty in RECORD NUMBERS
LMFAO at Florida HouseCels. They're going to get 100k, 500k or even 1 MILLION DOLLARS in damage from the next big Hurricane, Flooding, or a million other Florida Weather problems. If they were smart, then they'd sell while they still can and move or become a RentChad if they want to still live there because of Family.
WeatherCel HouseCels, when will they ever learn?
Also, that's DeSantiNomics JACK!
WeatherCel HouseCels, when will they ever learn?
Also, that's DeSantiNomics JACK!
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08-02-2024, 02:22 PM
#2
Meanwhile everyone in California has been losing their home insurance due to the constant out of control wildfires
08-02-2024, 02:27 PM
#3
Originally Posted By JayJ350⏩
lmao it ain't just because of the wildfires
Meanwhile everyone in California has been losing their home insurance due to the constant out of control wildfires
"So t
08-02-2024, 02:34 PM
#4
I know people that were planning to retire in FL, but changed plans due to the high cost of home insurance.
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08-02-2024, 02:35 PM
#5
Originally Posted By Zackad⏩
Well that's what the insurance companies have been claiming. Of course the crime has also been a major issue.
lmao it ain't just because of the wildfires
08-02-2024, 02:48 PM
#6
Originally Posted By JayJ350⏩
it's def the easy scapegoat. but yeah…wildfires, inflation, crime, earthquakes, CA laws all contribute.
Well that's what the insurance companies have been claiming. Of course the crime has also been a major issue.
Some significantly more than others as of late, considering fires have been a problem in CA for decades but insurance companies are only pulling out as of the last couple years.
And it's not only home insurance that they're pulling out of either.
"So t
08-02-2024, 02:50 PM
#7
Locally here in the Florida town I live in the mayors office has said after hurricane Ian passed over, with 150mph winds for about 10 hours, there were two disaster, hurricane damage and insurance companies not paying out damage claims. She is right.
Sort of mentioned in the news article was mention on improving the strength of his house to avoid hurricane damage. that is what I did. As a result from hurricane Ian I had around $2000 worth of house damage. I hadn't purchased hurricane house insurance and figured I saved many thousands of dollars doing so. It is doubtful too that if had hurricane insurance that if I moved forward with a claim that it would meet the deductible, and if it had, would have been paid out by the insurance company.
Now I just have basic fire insurance on the house which doesn't cost all that much.
Most of my neighbors had hurricane home insurance and now regret that they did. Trying to get a payout from their insurance has been a fight. I know a few have decided to not buy hurricane insurance again.
I've seen of late that California has similar insurance home problems also.
California's insurance crisis resulting in canceled policies, increased rates. Here's what to know
https://abc7.com/california-insuranc...d%20a%20policy .
Sort of mentioned in the news article was mention on improving the strength of his house to avoid hurricane damage. that is what I did. As a result from hurricane Ian I had around $2000 worth of house damage. I hadn't purchased hurricane house insurance and figured I saved many thousands of dollars doing so. It is doubtful too that if had hurricane insurance that if I moved forward with a claim that it would meet the deductible, and if it had, would have been paid out by the insurance company.
Now I just have basic fire insurance on the house which doesn't cost all that much.
Most of my neighbors had hurricane home insurance and now regret that they did. Trying to get a payout from their insurance has been a fight. I know a few have decided to not buy hurricane insurance again.
I've seen of late that California has similar insurance home problems also.
California's insurance crisis resulting in canceled policies, increased rates. Here's what to know
https://abc7.com/california-insuranc...d%20a%20policy .
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08-02-2024, 02:54 PM
#8
Originally Posted By JayJ350⏩
WRONG, only in wild fire prone areas which are a very small percentage of the stat's total land.
Meanwhile everyone in California has been losing their home insurance due to the constant out of control wildfires
When's the last time there was a wild brush fire, forest fire, etc in Down Town Los Angeles?
Oh yes, NEVER. Hurricanes can hit ANY PART of FLORIDA so there are NO Hurricane Proof Areas in Florida. There are literally MILLIONS of Wildfire Proof Areas in California.
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08-02-2024, 02:55 PM
#9
We are looking at buying property in Ocala, FL. Since I'm on the West Coast I had no idea what home insurance costs were on the East Coast. I got several quotes for a 3/2, 1,500 sq/ft house, all were between $1,000-$1,500 a year.
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08-02-2024, 02:56 PM
#10
You have to consider a few things. In FL the insurance has been nuts. It's so high, it's almost a mortgage payment in itself. Lets say you don't buy insurance, and something happens and you have to spend 10's of thousands to fix your house. If you have equity, you can just take out a loan and get it fixed the way you want, might be faster. In fact, you'd be better off actually just setting that money aside every month into some type of savings account. If something happens, you cover yourself. If it doesn't, then you have a lot of money that you would have just given to an insurance company.
Unfortunately, if you have a mortgage, or live in a condo type association where you are required to have it, you are getting bent over no lube no choice.
Unfortunately, if you have a mortgage, or live in a condo type association where you are required to have it, you are getting bent over no lube no choice.
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08-02-2024, 02:59 PM
#11
Originally Posted By 300Lane1⏩
Ocala. As you get closer to the ocean, that rate starts to ramp up steep. Friend of mine has a condo on the beach (multi-story) and it's $6K a year and that's with a 10K deductible. Not only that the the condo association has it's own insurance that's about 2-3K more per year per condo.
We are looking at buying property in Ocala, FL. Since I'm on the West Coast I had no idea what home insurance costs were on the East Coast. I got several quotes for a 3/2, 1,500 sq/ft house, all were between $1,000-$1,500 a year.
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08-02-2024, 03:02 PM
#12
Originally Posted By Jasonw1178;1704505431[b⏩
Unfortunately, if you have a mortgage, or live in a condo type association where you are required to have it, you are getting bent over no lube no choice.
HouseCels, when will they ever learn?
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08-02-2024, 03:07 PM
#13
Originally Posted By Sal29⏩
So funny that you can't understand rentcels are still paying for the owner's insurance, taxes, and mortgage. Do you seriously think the owner just eats the cost of insurance.
HouseCels, when will they ever learn?
"
08-02-2024, 03:14 PM
#14
Originally Posted By JT11RTR⏩
Renters DON'T pay for the LandCuck's mortgage because it's already paid off and the market dictates the price NOT the LandCuck's expenses.
So funny that you can't understand rentcels are still paying for the owner's insurance, taxes, and mortgage. Do you seriously think the owner just eats the cost of insurance.
This is why LandCucks subsidize 90% of RentChad's housing expenses.
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08-02-2024, 03:21 PM
#15
Originally Posted By Jasonw1178⏩
I figured as much and hence why I'm not looking anywhere close to the water.
Ocala. As you get closer to the ocean, that rate starts to ramp up steep. Friend of mine has a condo on the beach (multi-story) and it's $6K a year and that's with a 10K deductible. Not only that the the condo association has it's own insurance that's about 2-3K more per year per condo.
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08-02-2024, 03:30 PM
#16
Originally Posted By Jasonw1178⏩
Do you know anything about the rates in central FL, Orlando area?
Ocala. As you get closer to the ocean, that rate starts to ramp up steep. Friend of mine has a condo on the beach (multi-story) and it's $6K a year and that's with a 10K deductible. Not only that the the condo association has it's own insurance that's about 2-3K more per year per condo.
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08-02-2024, 03:31 PM
#17
Originally Posted By Jasonw1178⏩
damn that's pretty insane, and so the bank forces you to take insurance when taking out a mortgage on a house there?
Ocala. As you get closer to the ocean, that rate starts to ramp up steep. Friend of mine has a condo on the beach (multi-story) and it's $6K a year and that's with a 10K deductible. Not only that the the condo association has it's own insurance that's about 2-3K more per year per condo.
08-02-2024, 03:53 PM
#18
Originally Posted By tehgosu⏩
any bank forces you to have enough insurance to cover their loan amount if you're taking out a mortgage. last thing they want is some natural disaster or idiotic homeowner completely wiping out their 6-7 figure investment with no recourse.
damn that's pretty insane, and so the bank forces you to take insurance when taking out a mortgage on a house there?
Even small $50k hard money loans will require at least enough coverage to equal their loan. Some will even require 125% coverage
"So t
08-02-2024, 03:55 PM
#19
Originally Posted By Sal29⏩
Whatever you need to tell yourself. They are still making money off of you while you cover their expenses.
Renters DON'T pay for the LandCuck's mortgage because it's already paid off and the market dictates the price NOT the LandCuck's expenses.
This is why LandCucks subsidize 90% of RentChad's housing expenses.
This is why LandCucks subsidize 90% of RentChad's housing expenses.
"
08-02-2024, 03:56 PM
#20
Originally Posted By Sal29⏩
Listen clown, I actually live in California. I live in a rather urban part of the Bay Area and I just recently had State Farm drop my home owners policy because of "wild fires" at least that's what corporate had to say. It's been like this all over the Bay Area. Heck even LA. My sister just had to deal with the same situation for her home in Beverly Hills.
WRONG, only in wild fire prone areas which are a very small percentage of the stat's total land.
When's the last time there was a wild brush fire, forest fire, etc in Down Town Los Angeles?
Oh yes, NEVER. Hurricanes can hit ANY PART of FLORIDA so there are NO Hurricane Proof Areas in Florida. There are literally MILLIONS of Wildfire Proof Areas in California.
When's the last time there was a wild brush fire, forest fire, etc in Down Town Los Angeles?
Oh yes, NEVER. Hurricanes can hit ANY PART of FLORIDA so there are NO Hurricane Proof Areas in Florida. There are literally MILLIONS of Wildfire Proof Areas in California.
Before you try to tell people off, best make sure they aren't actually living in the place and dealing with the situation you're trying to tell them off on.
For the record there was a big fire in her area not that long ago, but they managed to put it out rather quickly. LA has had a lot of fires. Similar situation in the Bay Area, lots of fires. Considering how these are the two biggest population centers for the entire state, that is kind of a big deal.
08-02-2024, 03:57 PM
#21
Originally Posted By JT11RTR⏩
He's a loyal democrat. Everything he says is misinformation or some form of cope to cover for the impact of liberal democrat policies.
So funny that you can't understand rentcels are still paying for the owner's insurance, taxes, and mortgage. Do you seriously think the owner just eats the cost of insurance.
08-02-2024, 04:03 PM
#22
Originally Posted By JT11RTR⏩
I've got friends and family that rent out properties. They definitely raise rates when expenses go up lol.
Whatever you need to tell yourself. They are still making money off of you while you cover their expenses.
08-02-2024, 08:30 PM
#23
Originally Posted By JayJ350⏩
Beverly Hills isn't exactly a concrete jungle besides the downtown part, it's obviously wildfire prone especially north of Sunset.
Listen clown, I actually live in California. I live in a rather urban part of the Bay Area and I just recently had State Farm drop my home owners policy because of "wild fires" at least that's what corporate had to say. It's been like this all over the Bay Area. Heck even LA. My sister just had to deal with the same situation for her home in Beverly Hills.
Before you try to tell people off, best make sure they aren't actually living in the place and dealing with the situation you're trying to tell them off on.
For the record there was a big fire in her area not that long ago, but they managed to put it out rather quickly. LA has had a lot of fires. Similar situation in the Bay Area, lots of fires. Considering how these are the two biggest population centers for the entire state, that is kind of a big deal.
Before you try to tell people off, best make sure they aren't actually living in the place and dealing with the situation you're trying to tell them off on.
For the record there was a big fire in her area not that long ago, but they managed to put it out rather quickly. LA has had a lot of fires. Similar situation in the Bay Area, lots of fires. Considering how these are the two biggest population centers for the entire state, that is kind of a big deal.
It's laughable to pretend that all of California is wildfire prone.
Beverly Hills North of Sunset
Explain to me how wildfires happen here Genius!
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08-02-2024, 08:33 PM
#24
Originally Posted By JayJ350⏩
Raising rents above market rates is an easy way to go bankrupt. A high vacancy rate due to above market rents is much worse than a zero vacancy rate and below market rents for LandCucks.
I've got friends and family that rent out properties. They definitely raise rates when expenses go up lol.
White 18-24 year old fit virgins with no tattoos and no debt=GOAT Women.
08-02-2024, 08:43 PM
#25
Originally Posted By Sal29⏩
Since when do renters know if the landlord already paid off the mortgage?
Renters DON'T pay for the LandCuck's mortgage because it's already paid off and the market dictates the price NOT the LandCuck's expenses.
This is why LandCucks subsidize 90% of RentChad's housing expenses.
This is why LandCucks subsidize 90% of RentChad's housing expenses.
08-02-2024, 10:34 PM
#26
Originally Posted By Shysty021⏩
It doesn't really matter because LandCucks are competing against tons of LandCucks that have already paid off their Mortgage and can't charge any more rent than them.
Since when do renters know if the landlord already paid off the mortgage?
White 18-24 year old fit virgins with no tattoos and no debt=GOAT Women.
08-08-2024, 02:16 PM
#27
Originally Posted By Sal29⏩
Bruh… seek help. Your condition has deteriorated. srs
Renters DON'T pay for the LandCuck's mortgage because it's already paid off and the market dictates the price NOT the LandCuck's expenses.
This is why LandCucks subsidize 90% of RentChad's housing expenses.
This is why LandCucks subsidize 90% of RentChad's housing expenses.
If being a landowner was such a disadvantage, nobody would be a landlord.
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